Newsletter

Blueprint: Pike’s debut fund launch, Goldman’s ongoing real estate sell-downs, Actis’s Asia real estate expansion

Former Blackstone real estate boss Chad Pike launches a debut special situations fund for his new firm Makarora; Goldman readies another year of commercial real estate sell-downs after reducing its property holdings by more than $6 billion last year; Actis gears up for an Asia real estate expansion following the firm’s acquisition by General Atlantic; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Senior leadership changes at Blackstone, BlackRock and UBS; Goldman Sachs’ and Phoenix Property Partners’ latest fundraises; Savills’ US debt expansion

Global leadership changes dominate the private real estate sector headlines with promotions at Blackstone and UBS featuring as well as a departure at BlackRock; Goldman Sachs and Phoenix Property Investors make notable fundraising headway; Savills’ debt business breaks into the US; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Apollo’s Asia real estate equity wind-down, Partners’ big retail bet in Europe, the best of our Look Ahead 2024 coverage

Apollo Global Management prepares to wind down its Asia real estate equity business following the departure of partner Ian Cohen; Partners Group invests in a fund to buy 10 retail parks across Belgium and Portugal from Mitiska REIM; the biggest takeaways from our Look Ahead series featuring top executives from Blackstone, Hines and Morgan Stanley Real Estate Investing; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Ex-Blackstone real estate boss Chad Pike returns; Aermont sees cultural fit with acquirer Keppel; rising insurance costs

Ex-Blackstone real estate boss Chad Pike has returned to the market via the launch of a manager focused on the current capital dislocation in the sector; European opportunity fund manager Aermont’s tie-up with Singaporean conglomerate Keppel Corporation is steeped in operational real estate common ground; rising insurance costs are having an increasingly heavy impact on US real estate net income and more besides in today’s briefing, exclusively for our valued subscribers.

Blueprint: ECB repeats concerns about commercial real estate’s impact on banks, London office market produces more negative headlines, Coima brings aboard GIC for ‘brown-to-green’ strategy

With the US celebrating Thanksgiving, PERE’s attention has been dominated by events in Europe, with the European Central Bank repeating concerns over the indebtedness of the commercial real estate sector; the office malaise in London leading to further headlines about building loan sales at a discount; important tenants undertaking strategic reviews about reducing their workplace footprints; and more besides in today’s briefing, exclusively for our valued subscribers.

Blueprint: Brookfield shelves Center Parcs sale, NBIM’s first real estate outlay in 2023, APG and Bouwinvest combine for affordable housing

Brookfield shelves plans to offload Center Parcs, with Europe’s hospitality investment market notably inactive; Norges Bank Investment Management’s $746 million life science investment in Boston is the first for the state investor in 2023; Dutch investors APG and Bouwinvest combine to solve for their country’s affordable housing challenge; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: PERE America Forum lands in New York, Starwood’s Fund XIII launch, Proptech 20 ranking unveiled

PERE hosts its annual America Forum with two days of in-depth discussions in New York, Starwood joins a tight mega-fund race with the launch of Fund XIII, which has a big focus on data centers, this year’s Proptech 20 shows a slowdown in capital raising growth, we make a final call for PERE Awards submissions and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Brookfield and QIA make further repositioning push in Canary Wharf, Bain’s $1bn hospitality lending platform, BGO names new capital raising heads

Brookfield and Qatar Investment Authority commit £400 million to the life sciences- and residential-focused repositioning of London’s Canary Wharf; Bain Capital teams up with Smith Hill Capital to form $1 billion US hospitality lending platform, with an initial focus on new loan originations and refinancings; BGO makes promotions in global capital raising team; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: PERE Global Awards 2023 launch, Blackstone’s European fundraise, Goldman’s write-downs

PERE’s eagerly anticipated annual awards launch today with our customary call for submissions across 67 categories, including Innovation Investor of the Year for the first time; Blackstone raises nearly half of its targeted equity for its latest European opportunity fund; Goldman Sachs writes down its balance sheet real estate assets by one-third since start of the year; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Blackstone’s first sustainability-linked loan in Asia-Pacific, PGIM Real Estate’s innovation initiative, Invesco and Longpoint fund closes

Blackstone secures its first sustainability-linked loan in Asia-Pacific to refinance assets in its 140-property industrial portfolio in Australia; PGIM Real Estate launches RealAssetX, an innovation lab focusing on data intelligence, research & development and investment in technologies for the real assets industry; and more in today’s briefing, exclusively for our valued subscribers.